A tin mine is seen in Man Maw in ethnic Wa territory in northeastern Myanmar. (Reuters File Photo)
LONDON: Tin prices have leapt higher on news of a possible production halt in Myanmar, the world’s third-largest producer of the metal.
Three-month tin futures contracts on the London Metal Exchange jumped 11% on Monday to hit a two-month high of $27,705 per tonne and were last trading at $27,180. They took their lead from the Shanghai Futures Exchange (ShFE), which was already seeing record levels of trading activity before the latest turmoil.
The unexpected threat to supply comes in the form of a statement from the Central Economic Planning Committee of Wa State, home to Myanmar’s most powerful ethnic armed group, which…
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